Published by Global Banking and Finance Review
Posted on January 30, 2026
1 min readLast updated: January 30, 2026
Published by Global Banking and Finance Review
Posted on January 30, 2026
1 min readLast updated: January 30, 2026
UN chief Guterres warns of an imminent financial collapse due to unpaid fees and budget rules, threatening program delivery globally.
GENEVA, Jan 30 (Reuters) - The U.N. chief has told states that the organisation is at risk of "imminent financial collapse", citing unpaid fees and a budget rule that forces the global body to return unspent money, according to a letter seen by Reuters on Friday.
"The crisis is deepening, threatening programme delivery and risking financial collapse. And the situation will deteriorate further in the near future," United Nations Secretary-General Antonio Guterres in a letter to member states dated January 28.
A U.N. spokesperson did not immediately respond to a request for comment.
(Reporting by Emma Farge, Editing by Miranda Murray)
A financial crisis is a situation in which the value of financial institutions or assets drops rapidly, leading to a loss of confidence among investors and potential economic downturn.
Debt instruments are financial assets that represent a loan made by an investor to a borrower. Examples include bonds, mortgages, and promissory notes.
Financial stability refers to a condition where the financial system operates effectively, allowing for the smooth functioning of financial markets and institutions without significant disruptions.
International organizations are entities established by multiple countries to work together on common goals, such as the United Nations or the World Bank, often focusing on economic and social development.
Economic growth is the increase in the production of goods and services in an economy over a period of time, typically measured by the rise in Gross Domestic Product (GDP).
Explore more articles in the Headlines category